The increase in Ethereum restaking is being fueled by various factors, including a decline in staking annual percentage rates (APRs), as reported by non-custodial staking service provider P2P.org. Staking involves locking cryptocurrency in a smart contract to earn income and rewards, playing a crucial role in proof-of-stake (PoS) blockchains for network security. Investors are drawn to staking due to higher APRs compared to traditional savings accounts. With the evolution of decentralized finance (DeFi), the concept of restaking emerged, allowing users to reuse locked tokens for additional rewards. This practice boosts rewards and network security. The recent surge in ETH's token supply exceeding 120 million can be attributed to increased restaking demand. P2P.org experts suggest that broader trends and network participation are driving this surge, making restaking an appealing option for investors. Additionally, the introduction of the permissionless restaking protocol Symbiotic has further contributed to the rise in restaking activities. Read more AI-generated news on: https://app.chaingpt.org/news